Washington receiver bonds.
Court sets the amount. We underwrite it.
Before a Washington receiver takes possession of property or manages a business, RCW 7.60.045 requires a bond in the amount the court specifies, conditioned on faithfully discharging the receiver’s duties. The court sets the penal sum; we underwrite the bond and a surety specialist returns a quote — usually within one business day.
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How much does a Washington receiver bond cost?
It is underwritten. The carrier’s base rate is 1% of the bond amount; the underwriter sets your premium from the amount, your credit and any collateral.
Court order to filed bond.
Send us the penal sum from your appointment order, we underwrite, and you file with the court. Here is the whole thing:
Apply once, online
Your details, the penal sum the court set, and the effective date. Attach the appointment order if you have it.
Underwritten & quoted
A surety specialist reviews the receivership and returns a quote — usually within one business day. Larger penal sums may call for financials, and collateral can apply.
File with the court
Accept the quote, pay, and receive the executed bond, ready to file so you can enter upon your duties as receiver. Wet-ink originals mailed whenever the clerk insists.
How a receiver bond works, and what to have ready.
Why the court asks for it
A court has appointed you as receiver, or as a master or referee, to take charge of property or a business while a case is decided. The court requires a bond before you take control.
Who it protects
The parties to the case and the court. If you fail to carry out the court's orders faithfully, they can recover the loss from the bond, up to the bond amount.
If there is a claim
The surety pays a valid claim and you repay the surety.
Have these ready
- The order appointing you, with the bond amount
- The court, case number and the parties' names
- A description and estimated value of the property or business you will control
- A short summary of your experience as a receiver or fiduciary
- Your attorney's name and contact details
What it is and who needs it.
What the receiver bond actually covers
Washington's receivership statute, RCW 7.60, lets a court appoint a receiver to take possession and control of a person’s property or to manage a business. A general receiver takes control of all or substantially all of a person’s property with authority to liquidate it and wind up the affairs of a business.
Under RCW 7.60.045, before entering upon the duties, the receiver must execute a bond with sureties approved by the court, in the amount the court specifies, conditioned that the receiver will faithfully discharge the receiver’s duties in accordance with the court’s orders and state law. Unless the court orders otherwise, the bond runs in favor of everyone with an interest in the receivership and in favor of state agencies.
It is not insurance for you — if the surety pays a valid claim, you repay the surety. Claims against the bond must be made within one year of the receiver’s discharge, and state-agency claims have priority. The court may also accept alternative security, such as a letter of credit or a deposit with the clerk.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
Term and renewal are set in the underwriter's quote.
Keep the bond in force for as long as the obligation behind it runs.
How to file it
File with the court. Accept the quote, pay, and receive the executed bond, ready to file so you can enter upon your duties as receiver. Wet-ink originals mailed whenever the clerk insists.
What sets the price
This bond is underwritten. The carrier's base rate for this bond is 1% of the bond amount; the underwriter sets your final premium from the amount, your credit and any collateral.
One short form to request a quote.
These are the actual underwriting fields. Submit once and a surety specialist returns a quote, usually within one business day.
Start the application →Common questions.
Other Washington bonds.
Requirements checked on the carrier’s application, . Page updated .
Get your receiver bond quoted.
A short request, underwritten by a specialist, quote usually within one business day. Free until issued.